RDDT is trading at $130.47 (-4.19%) as markets open on April 2, 2026. The decline is influenced by a broader market selloff driven by geopolitical tensions, but also follows a specific analyst action on the stock.
- Bank of America lowered its price target on Reddit to $175.00 from a previous $205.00, while maintaining a "neutral" rating.
- The broader market is also in a significant downturn following President Trump's comments regarding extended Iran war efforts, which have triggered sharp losses in the S&P 500, NASDAQ, and Dow.
- The stock closed the previous day at $136.18.